Sentences with phrase «of policy tenure»
3) Maturity Benefit: If the pensioner survives till the end of the policy tenure, they would get the purchase price of the pension plan along with last installment of the pension amount.
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On survival till the end of the Policy Tenure, Simple Reversionary Bonus + Terminal Bonus are paid as Maturity Benefit.
The Sum Assured + accrued Bonus is paid if anyone or both the husband and the wife survives till the end of the policy tenure.
It is a Monthly Income Plan where there is a Guaranteed Monthly Income for a period of 15 years or till then end of the Policy Tenure, whether the Life Insured is alive or not
On survival till the end of the policy tenure, the policyholder gets the Sum Assured + accrued Reversionary Bonuses + Interim Bonus + Terminal Bonus, if any as Maturity Benefit and the policy terminates.
In this Plan, there is a Guaranteed Monthly Income for a period of 15 years or till then end of the Policy Tenure, whether the Life Insured is alive or not.
On completion of Policy Tenure, Terminal Bonus is paid and the policy is terminated.
-- In this plan, premium needs to be paid till the end of the policy tenure of 10, 15 or 20 years as selected.
On survival till the end of the Policy Tenure, Simple Reversionary Bonus + Terminal Bonus is paid as Maturity Benefit.
The Sum Assured along with vested Simple Reversionary Bonus + Final Addition Bonus would be paid to the Life Insured on survival till the end of the Policy Tenure as Maturity Benefit.
-- In this plan, premium needs to be paid till the end of the Policy Tenure.
On survival till the end of the Policy Tenure, Sum Assured + accrued Bonuses are paid to the policyholder as Maturity Benefit and the policy terminates.
At the end of the Policy Tenure of 20 years, (Total of all Monthly Basic Premiums paid) + (All Bachat Additions earned) + (Loyalty Addition)--(Survival Benefits already paid) is paid as Maturity Benefit.
On survival till the end of the policy tenure, the policyholder gets a part of the Sum Assured as per schedule along with vested Bonus.
On survival till the end of the policy tenure, the policyholder gets the remaining 40 % of the Sum Assured + accrued simple Reversionary Bonus + Terminal Bonus as Maturity Benefit and the policy terminates.
In this plan, premium needs to be paid only for a limited period while the policy continues till the end of the policy tenure.
On survival till the end of the policy tenure, the policyholder gets Sum Assured + Accrued Guaranteed Additions.
The remaining 40 % of Sum Assured along with accrued simple Reversionary Bonus + Terminal Bonus would be paid as Maturity Benefit on survival till the end of the Policy Tenure.
-- In this plan, premium needs to be paid till the end of the Policy Tenure of 6 years.
However, on survival of the Life Insured till the end of the Policy Tenure, the Maturity Benefit is paid to the policyholder and the policy terminates.
In addition, some life insurance policies also offer investment benefits on maturity of the policy tenure.
However, for Endowment Plans, being Traditional in nature, the risk of investment lies with the insurer and the policyholder is provided a Guaranteed Return at the end of the Policy Tenure as Maturity Benefit.
Maturity Benefit — On survival till the end of the policy tenure, the policyholder gets last Guaranteed Base Income Payout + Accrued Reversionary Bonus + Interim Bonus (if any) + Terminal Bonus (if any) as Maturity Benefit and the policy terminates.
The Fund Value would be provided to the policyholder at the end of the policy tenure as Maturity Benefit.
This payout received is the Maturity Benefit staggered over 6 years after the end of the Policy Tenure.
Maturity Benefit — On survival till the end of the policy tenure, the policyholder gets Sum Assured + Accrued Guaranteed Additions.
Besides providing convenience of longer tenure policy where the policy holder makes one - time upfront payment for the desired duration, the company also offers no - claim bonus to customers even if they claim the insurance in 2 out of three years of the policy tenure.
If the policyholder dies within the period of the policy tenure and he has just paid a single premium, then, only that would be given to the nominee.
The Bajaj Allianz Retire wealthy plan allows the client to make lump sum investments in the last five years of the policy tenure via premiums.
If the policyholder dies after the completion of 5 years of the policy tenure, then only the sum assured along with the loyalty addition (if any) is returned to the nominee..
If you are critically ill or meet with an accident resulting in a disability as specified in the policy document, your premiums for the rest of the policy tenure is waived off and the policy continues to cover you for the same amount.
All applicable policy benefits will be available to the customer until the end of the policy tenure.
These policies are basically for a long time span as they help in increasing the overall returns which a person gets at the end of the policy tenure.
The Amulya Jeevan II plan does not have any surrender value that is policy can not be surrendered before the end of policy tenure as doing so will not fetch any benefit under this plan.
Maturity Benefit: On completion of policy tenure, policy holder will get the remaining money after money back as survival benefit.
In the unfortunate event of death of the policyholder or parent invested in a child plan, future premiums are waived off while the child receives a lump sum beneficiary amount as life cover along with maturity cover benefits at the end of policy tenure.
As this is a money back policy, a fixed percentage amount will be distributed to policy holder in the last 5 years of policy tenure.
Extended Protection Period - Your protection is extended, even after the completion of the policy tenure, to half of the policy tenure.
Some insurers also provides an option to cover new - born babies, from birth till the end of policy tenure or maturity.
The plan ensures that children get the benefits for their better future, even if parents don't make it till the end of the policy tenure.
A cover that seems to be sufficient today might not be the same after 20 years, or by the end of your policy tenure.
Most give returns only at the end of the policy tenure, while some give returns over the lifetime of the policy, but none of them match up to the advantages offered by money back plans.
If the policyholder dies before the end of 5 years of the policy tenure, then only the sum assured is returned to the nominee.
If the policyholder's death results due to suicide within a year of the policy tenure, only 90 % of the sum assured is returned to the nominee.
Moreover, the premium of the policy is waived off till the end of the policy tenure or for next three years, whichever is more.
Thus, LIC Bima Bachat is a traditional money back plan with scheduled payments along with return of single premium paid plus loyalty additions at the end of the policy tenure.
Let us see what happens if you want to exit before the end of the policy tenure.
Enhanced Protection - The plan offers extended cover period for half of the policy tenure after the completion of the policy tenure.
DHFL Pramerica Family Income Plan is a decreasing term plan offered by DHFL Pramerica Life Insurance wherein the death benefit may either be payable in a lumpsum to the nominee or in equal monthly installments till the end of the policy tenure.
The lump sum amount is paid as maturity benefit to the insured after the completion of policy tenure.